Traders I know this last move was a surprise to all of us but we need to remember that historically this is normal and very mild. In the last bull market BTC had over 7 20 % or larger drawdowns. Its imperative that markets have shakeouts to reset funding in order to climb to new highs. I posted about 12 hours before the big move down that I felt strongly that...
Extremely High Risk Trade
Maruti Suzuki Auto Heavy Weigh In Nifty 50 And Sensex 30 Index Showing Divergence on stochastic Indicator
Inverse Head And Shoulder Formation On weekly Chart.
If Gaps up to traps the bear, Shortcovering can be seen in this counter.
Do u your own analysis before trading
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Please be advised that when I buy from you the Bitcoin you are selling short I have NO intention of selling it back to you when it comes time to cover. I plan to take it off the Exchange and squirrel it away in my offline wallet.
It won't be coming back until the end of the year. If then.
Just giving you heads up.
Does that make you want to lever up and short...
There is a Bear Flag forming on the short side of things. This should help pull down the RSI, MACD, Stoks, etc. etc. So long as we don't break the multi-year trend line from my other charts and the 20/40 week moving average remains crossed (which it did last night) All these Bears are going to get skinned and their meat used to fuel the next Bull Rally. Not...
The Hang Seng Stock Index (Hong Kong) is trading better recently. It is currently testing the daily ichimoku cloud, and will be a strong positive sign should it manage a close above the cloud. Is this just shortcovering ahead of the meeting between Trump and Xi at the G20 Summit or is it something more?
If you failed to make money this month, you either fought the tide looking for small gainsand lost or you need a new Tiki, ..... cuz this blow was forecasted all month. As today shows, old school big guns can hold the curl. The end is coming... just not this week.
Daily swings can be 8%+ . And I betting we will see a few days with those moves.... Short to sub...